Nabors Energy Transition (NETC) News
Market Cap: $184.26M
Avg Volume: 76.76K
Industry: Shell Companies
Sector: Financial Services
Nabors Energy Transition Corp. Announces Stockholder Approval of Extension of Deadline to Complete Initial Business Combination
HOUSTON , Dec. 8, 2023 /PRNewswire/ -- Nabors Energy Transition Corp. ("NETC" or the "Company") (NYSE: NETC, NETC.WS, NETC.U) announced today that, at a special meeting of NETC stockholders held on December 8, 2023 (the "Extension Meeting"), its stockholders approved an extension of the date by which it has to consummate its initial business combination, allowing the Company's board of directors, without another stockholder vote, to extend such date up to three times for an additional one month each time (but in no event to a date later than 28 months from the closing of NETC's initial public offering) (each such month, a "Monthly Extension Period") by depositing $200,000 for each Monthly Extension Period into the Company's trust account for its public stockholders. The Company will only file the third amended and restated certificate of incorporation to implement the extension (the "Extension Amendment") if its previously announced initial business combination (the "Business Combination") with Vast Renewables Limited (f/k/a Vast Solar Pty Ltd) ("Vast") is not consummated by December 18, 2023, which has been submitted to a vote of NETC stockholders scheduled for December 13, 2023 (the "Business Combination Meeting").
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Nabors Energy Transition Corp. Announces Extension of Deadline to Complete Business Combination
HOUSTON , Nov. 17, 2023 /PRNewswire/ -- Nabors Energy Transition Corp. (NYSE: NETC, NETC.WS, NETC.U) ("NETC" or the "Company") announced that its board of directors has elected to extend the date by which NETC has to consummate a business combination by one additional month from November 18, 2023 to December 18, 2023 (the "Extension"), as permitted under NETC's second amended and restated certificate of incorporation. The Extension provides NETC with additional time to complete its previously announced initial business combination (the "Business Combination") with Vast Renewables Limited (f/k/a Vast Solar Pty Ltd) ("Vast").
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U.S. IPO Weekly Recap: The Summer Calendar Starts To Fill Up
There were no pricings during the shortened holiday week, as Korean BBQ chain Gen Restaurant Group delayed its offering to next week. Direct-to-consumer cosmetics and personal care products provider ODDITY Tech filed to raise an estimated $300 million. Inflammatory disease biotech Apogee Therapeutics filed to raise $100 million, in a deal led by Jefferies.
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